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An advance healthcare directive, also known as living will, personal directive, advance directive, medical directive or advance decision, is a legal document in which a person specifies what actions should be taken for their health if they are no longer able to make decisions for themselves because of illness or incapacity. In the U.S. it has a ...
Of course, a plan requires the right legal documents. A living … Continue reading → The post Key Differences: Living Will vs. Last Will appeared first on SmartAsset Blog.
In common law and statutory law, a life estate (or life tenancy) is the ownership of immovable property for the duration of a person's life. In legal terms, it is an estate in real property that ends at death, when the property rights may revert to the original owner or to another person. The owner of a life estate is called a "life tenant".
Exordium clause is the first paragraph or sentence in a will and testament, in which the testator identifies himself or herself, states a legal domicile, and revokes any prior wills. Inheritor – a beneficiary in a succession, testate or intestate. Intestate – person who has not created a will, or who does not have a valid will at the time ...
Gift (law), assets that have been legally transferred from one person to another Legacy , testamentary gift of personal property, traditionally of money but may be real or personal property Life estate , [ 1 ] a concept used in common and statutory law to designate the ownership of land for the duration of a person's life
Glossary of Technical Terms, Phrases, and Maxims of the Common Law. Little, Brown and Company. Boston. 1881. Google Books; J Kendrick Kinney. A Law Dictionary and Glossary. Callaghan and Company. Chicago. 1893. Google Books; Burrill. A Law Dictionary and Glossary. Second Edition. Volume 1. Volume 2. Gibb. Students' Glossary of Scottish Legal Terms.